Newcrest upbeat on outlook

Miner to restore reputation, strengthen balance sheet after a 'tough year'.

Newcrest Mining (NCM) chairman Don Mercer said the outlook for gold is positive and the company will focus on restoring its reputation and strengthening its balance sheet, despite describing 2013 as a "tough year" for Newcrest and its shareholders.

In an address to the miner's annual general meeting, Mr Mercer said the group will focus on delivering reliable, low cost production and is well placed to tackle the complexity of its Papua New Guinea-based Lihir gold mine.

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